Shares in European semiconductor companies, one of the most sensitive sectors to the global trade tensions, recovered from their worst day in 4-1/2 months on Tuesday after the White House backtracked overnight on tough limits on China’s Huawei. AMS, STMicroelectronics and Germany’s Infineon shot higher – between 2-5.6% – in early deals after Washington temporarily eased trade limits on China’s Huawei Technologies, in a move aimed at minimizing disruption for its customers. The technology index was up 1% at 0741 GMT, recovering some of the 2.8% lost on Monday as investors shunned the sector amid worries that Huawei suppliers would lose business or have to sever ties with the world’s No. 2 smartphone company due to tough U.S. restrictions imposed last week.
